DLC BLOG Vacant Possession Purchasing a residential property? Two words that matter this Spring; Vacant Possession Your contract had best contain a ‘Vacant Possession’ clause. Why? Mortgage lenders will not concern themselves with your best intentions; it is not about what will be – it is purely about what is.           […]

DLC BLOG The Mortgage Insurance Market & Wholesale Lenders The Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies. However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian […]

  DLC BLOG Setting Up Your HELOC A HELOC, or, Home Equity Line of Credit, can be one of the greatest gifts you give yourself. Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increasing property value- something almost many people in the Vancouver and Toronto markets can relate […]

DLC BLOG Top 5 Things To Consider When Building Your New Home Building a new home – It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying “never again” or “bring on the next one!” We scoured the internet and sorted through […]

Canada’s Jobless Rate Remains At A 40-Year Low Statistics Canada announced this morning that employment increased by a stronger-than-expected 32,300 in March, driven by full-time job gains. The unemployment rate was unchanged at a four-decade low of 5.8% indicating that the economy is at or near full employment. In the first quarter of 2018, employment […]

DLC BLOG Unique Homes Have Special Problems Recently one of the former members of the boy band New Kids on the Block expressed an interest in buying this lighthouse off the coast of Virginia in the U.S. Unique homes can be a lot of fun to own and to live in. However, there are some […]

DLC BLOG Which Realtor Should You Use? Finding the best realtor for you involves doing some leg work. It can be overwhelming, kind of like choosing which ice cream you want to try! You go to the ice cream store and they have over 50 flavours and after you have contemplated, you opt for vanilla, […]

4 Smart Features that will boost the value of your property People have a lot of different ideas on how they want their home to look. Some want a modern look while others like traditional cottages. But one thing that more and more people want is smart technology in their homes. This adds value and […]

DLC BLOG Reverse mortgage – Some common misconceptions The words reverse mortgage carry some negative connotation. What does it really mean? What makes reverse mortgage different than a regular or demand mortgage in Canada? There are no payments required if 1 applicant lives in the home. Payments can be made if they wish, they are […]

DLC BLOG The Most Important Question This Spring Short Version: The most important question a home-seller must ask their Broker or their banker this Spring: ‘Do I QUALIFY to port my mortgage?’ You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new rules. How stringent?     […]